NEW YORK (CNNMoney) -- Eight state attorneys general announced a $538 million settlement with electronics makers Tuesday over allegations of price-fixing in LCD panels.
Florida attorney general Pam Bondi said in a statement that electronics manufacturers including Hitachi (HIT), Sharp (SHCAY) and Samsung had "organized the conspiracy at the highest levels of their organizations in various secret meetings and telephone conversations."
The companies are accused of colluding to fix prices for thin film transistor LCD panels, which are used in a variety of consumer products including computer screens and flat-panel televisions.
The New York attorney general's office said that up to $501 million of the settlement announced Tuesday "will be available for partial refunds" for consumers in 24 states and Washington, D.C., who purchased qualifying products between 1999 and 2006.
http://money.cnn.com/2011/12/27/news/lcd_panels_settlement/index.htm?iid=HP_LN&hpt=hp_t2
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